Africa’s energy giant, Renaissance Africa Energy Company Limited, has stated that collaboration among oil and gas players will expand the sector and enable the country to utilise its vast resources.

Tony Attah, the company’s managing director, made the call in a statement on Tuesday.

According to the statement, Attah made the remarks during the opening ceremony of the Society of Petroleum Engineers’ 2025 Nigeria Annual International Conference and Exhibition held in Lagos.

The managing director stated that collaboration between Renaissance Energy and key players in the oil and gas industry would create an attractive environment for investment.

Mr Attah expressed confidence that such strategic partnerships would enable the country to better utilise its vast oil and gas resources.

“It will also elevate Nigeria to the forefront of Africa’s energy landscape. This is our strategy at Renaissance, which operates Nigeria’s largest upstream joint venture, alongside NNPC Limited, TotalEnergies, Agip Energy, and Natural Resources Limited (AENR),’’ he said.

Mr Attah noted that the company was positioning itself as a continental leader, focusing on energy security across Africa and the sustainable industrialisation of Nigeria’s energy sector. He described collaboration as one of the keys to enabling Nigeria to regain its pride of place on the continent.

Commenting on Nigeria’s oil production, Mr Attah disclosed that the company had, in the past four months, increased oil production by about 40 per cent, in support of the federal government’s 2.06 million bpd production target.

Mr Attah further stated that the production increase had enabled the company to meet its contractual gas supply obligations to Nigerian Liquefied Natural Gas Limited, for the first time in five years. He said the company was committed to supporting industrialisation, job creation, and economic growth in Nigeria.

Mr Attah described the annual NAICE conference as a vital platform for stakeholders to address the energy sector’s complex challenges. He added that participating petroleum engineers were collectively seeking solutions to advance Nigeria’s economy, while fulfilling national and global energy needs in a safe, secure, and sustainable manner. 

(NAN)